News
Venetian Operator Apollo Joining S&P 500
Apollo Global Management (NYSE: APO), the operator оf the Venetian casino hotel and convention center оn the Las Vegas Strip, іs joining the S&P 500. Index provider S&P Dow Jones Indices made the announcement today following the close оf US markets, sparking an after-hours rally іn shares оf the private equity firm. The stock surged […]
Wynn Resorts Finance Credit Outlook Upgraded By Moody’s
Wynn Resorts’ (NASDAQ: WYNN) finance unit saw its credit outlook upgraded to “positive” from “stable” by Moody’s Investors Service. The research firm maintained a “B1” rating on Wynn’s debt — four notches into junk territory. Moody’s cited the ongoing recovery іn Macau as well as strength at Wynn’s Las Vegas casinos and Encore Boston Harbor […]
Wynn Says UAE Casino Hotel Is More Than Half Complete
Wynn Resorts (NASDAQ: WYNN) announced Thursday that as measured on the basis of structural concrete, its Al Marjan Island casino resort in the United Arab Emirates (UAE) is 55% complete. Rapid Construction Progress Wynn Al Marjan Island is located in the emirate of Ras Al Khaimah. While concrete construction is complete up to the venue’s […]
Finland To Include Horseracing As Part Of Demonopolised Market
The nation is taking the next steps towards a new, demonopolised and fully regulated market. Key points The Finnish Government has today announced that horseracing will move to the competitive licensed market alongside other forms of wagering activities when the nation’s demonopolised and newly regulated market opens in 2026. Finland’s New Regulatory Framework For Horseracing […]
Svenska Spel Net Gaming Revenue Down 9% In Q3
The percentage of healthy revenue was set at 94%. Key points: Svenska Spel has released financial figures covering both the third quarter and the period between January and September. Q3 2024 In the third quarter of 2024, the operator recorded SEK 1.78bn ($0.17bn) in net gaming revenue, a decrease of 9% year-on-year. Much of this […]
Alternative Gambling Licenses: A Swedish Perspective
In recent years, the gambling industry in Sweden has been undergoing some big changes, and new regulations have been changing how players and operators work with the market. In January 2019, Sweden introduced a new Gambling Act which required all gambling operators targeting Swedish players to obtain a Swedish license from the Swedish Gambling Authority […]
The Ins And Outs Of Gambling At Online Offshore Casinos
What makes online offshore casinos so appealing to players around the world? Digital gambling platforms are exciting and convenient, often offering a broad range of gaming options. However, navigating the complexities of online casinos that operate beyond your country’s borders can be challenging. Addressing potential security issues, legal considerations, and a plethora of gaming choices […]
Macau Sees Rise In Gambling Disorder Cases In Early 2024
The Macau Social Welfare Bureau (IAS) has reported a sharp rise in gambling disorder cases in the first half of 2024, with 108 cases registered, compared to 169 for the entire 2023. Breakdown Of Gambling Disorder Cases: Among the 108 cases, a small percentage (1%) involved gaming industry dealers, while 4.3% were related to other […]